5 more days for Brent

BOC actively contracted with CME and market participants and confirmed the settlement price of minus $37.63/bbl. BOC has completed the expiration procedure of May contract according to previous agreement

Trump uses authority to ask Chevron to quit Venezuela and order navy to shoot Iranian oil tankers.

Well...no need more money stimulus, use missiles and companies to force oil up.

So far my reads still hold strong ~median19, 16-20, looking at next 24.5 for brent. Hope it stays! Quick kills!

China is falling behind in its promise to spend $52.4 billion buying U.S. energy over two years -- even as it is filling its storage tanks with Russian and Saudi crude -- independent oil producers warned the Trump administration Tuesday.

The American Exploration and Production Council urged the administration in a letter to U.S. Trade Representative Robert Lighthizer to get tough with China.

“China has only purchased a de minimis amount of U.S. crude in the first months of 2020, while it has increased purchases of crude oil from Saudi Arabia and Russia,” council chief executive Anne Bradbury said. “Rather than increasing imports from countries like Russia and Saudi Arabia, the Chinese government must take the necessary steps to remain in good standing with the U.S. as a trusted trade partner.”

Actually they don't shoot oil tankers. Is stupid Iran trying to flex muscle towards US navy in international waters.

The biggest oil exchange-traded fund has once again reshuffled its portfolio in the wake of an unprecedented crude price collapse this week -- not by choice but because it was ordered to do so.

On Friday, the United States Oil Fund disclosed for the first time that it was ordered to make changes to its position by exchange operator CME Group Inc. It’s the fourth time in just over a week that the so-called USO has disclosed revisions to its portfolio that have shifted its holdings to contracts for oil delivery further into the future. The move comes at a time when interest in the retail product has skyrocketed. Investors are pouring record levels of money into betting on a bottom to this year’s relentless plunge in oil prices.

As the USO's oil futures policy keeps changing, it's becoming more and more difficult to valuate its value via its NAV's movement and premium ratio. The change seems to benefit "longer term investors", but USO is not suppose to be an instrument for long term investment.  

Bank of China’s estimate for the carnage to retail investors from the collapse in a product linked to US crude oil futures surged 11-fold to more than 7 billion yuan (US$1 billion), as it consolidated reports from its nationwide network, according to people familiar with the matter.

The estimate of losses to customers across China increased from about 600 million yuan in the middle of last week, as more information was gathered from its more than 10,000 outlets, said the people, asking not to be identified as they were discussing a private matter. The number is not final and subject to further change as more branch data is examined, one of the people said.

finding a good hong kong ETF to play. Listed in HK.
anybody knows well ?

eg.
Tracker Fund of Hong Kong
HKG: 2800
SPDR Gold Trust
HKG: 2840

https://www.hkex.com.hk/Market-Data/Securities-Prices/Exchange-Traded-Products?sc_lang=en

crude is a very risky thing to invest or even trade at this time.

if USO sep is now at 2.18 and jul crude futures at 12.50, the expectation is 2-5 months out, there is still no demand.

while the oil tankers are getting filled up in the next few weeks.
but dow/s&p keeps rising...

Crude and Equities are probably inversely related? 

A followup to the China's Starbuck copycat Luckin.

https://www.yahoo.com/finance/news/luckin-c...-021357652.html

Nothing but fake sales numbers..

This thing aught to be delisted by Nasdaq asap instead of suspended.

Such a terrible news. No wonder, this put such a horrible taste in investors mouth.
Hopefully, no one here invested in LK.

Just be careful when trading oil etf
USO ETFs

S&P Global Inc., the company behind the most popular commodity index, told clients to roll all their exposure out of the West Texas Intermediate crude oil futures for June into July with immediate effect, triggering a big drop in oil prices.

“This unscheduled roll is being implemented based on the potential for the June 2020 WTI Crude Oil contract to price at or below zero as well as the steady decline in open interest for the June 2020 contract,” the company said in a notice seen by Bloomberg News. A spokesperson confirmed the notice.

Boeing is facing a dismal market for new planes as air travel demand plunges as the pandemic and measures to stop it from spreading keep travelers home. Air travel in the U.S. is down 95% from a year ago. Boeing’s CEO Dave Calhoun told shareholders on Monday it likely would take two or three years for travel demand to recover to 2019 levels, a sharp turnaround for an industry that just earlier this year was betting on continued growth.

Airbus today issued its first-quarter results to media, reporting an overall loss of €481 million ($522 million). The company did have some positive news, such as 290 new aircraft orders. While this was 58 less than last year, it’s a solid result given the current situation.

Additionally, the firm delivered a total of 122 commercial aircraft in the quarter (40 less than last year). Airbus built and delivered eight A220s, 96 A320 family aircraft, four A330s, and 14 A350s. However, Airbus also reported that 60 aircraft built were not able to be delivered to airlines.

Will go in small qty for BA if it dip further.

Boeing is USAF major supplier, pentagon and Congress will award fat contracts to them.

I don't get the stock BA.  Facing so many hurdles since the 737max fiasco, and now much lower travels and orders being cancelled, and weak demands. This thing should not be over 100 at all. 

While the pandemic has upended the entire restaurant industry, fast-food chains like McDonald’s are faring relatively better. Transactions at fast-food restaurants fell 34% in the week ended April 19, while the overall industry saw transactions plunge 36% compared with a year ago, according to data from the NPD Group.

well, the man just said:

Calculations by Bloomberg suggest that Bank Indonesia could end up holding 11% of the government’s debt, excluding bills, by the end of February next year, while the central banks of Australia and New Zealand are headed for 24% and 39%, respectively. The Reserve Bank of India looks poised to boost its ownership significantly from the present 15%.

hi guys, how to buy US IPO ? maybank CDS account can ?

-17% isn't that bad... for a giant chain like McD.  They got drive-thru service and I've seen long lines too during pandemic.
Some people still go in and take out.  People aren't getting enough of their horrible food but hey who cares when they still
make millions, right?  

Anyway, I think it's an opportunity to buy more McD if it dips again.  waiting for one more around under 125-135 area...dunno
if we can see that anymore.   

Boeing on Thursday said it doesn’t plan to seek federal aid after raising a whopping $25 billion in a bond offering, the company’s biggest debt sale ever, as it faces what it expects to be a multi-year slump in air travel because of the coronavirus pandemic.

Warren Buffett’s Berkshire Hathaway Inc. BRK.B -2.50% swung to a first-quarter loss as the selloff in markets hit the company’s vast investments, though the company’s operating earnings rose in the quarter.

Berkshire’s earnings are especially volatile due to an accounting rule that went into effect in 2018 requiring companies to include unrealized investment gains or losses in their net income. Berkshire holds large stock investments, and their quarterly changes in value can have a big effect on Berkshire’s net income.

Berkshire reported a first-quarter loss of $49.7 billion, or $30,653 per Class A share equivalent, from $21.66 billion, or $13,209 a share, in the year-earlier period.

Operating earnings, which exclude some investment results, rose to $5.87 billion from $5.56 billion in the year prior. Mr. Buffett has said operating earnings are more reflective of Berkshire’s performance.

Declines in profitability at the company’s railroads, utilities and energy and insurance underwriting divisions were offset by a rise in insurance investment income.

TD Ameritrade said last week that retail clients opened a record 608,000 new funded accounts in the quarter ended March 31, with more than two-thirds of those opened in March. E*Trade saw a net gain of 363,000 accounts in the quarter—a company record—around 90% of which were retail. Charles Schwab Corp. reported a record 609,000 new brokerage accounts in the quarter, including individuals’ self-directed accounts and those managed by financial advisers.

Wow imagine all this who open think about making easy money and if market disappoint them how many going to swear off stocks.

It seems many retail investors jumped in after march stock rout. Similar happens at Bursa?

robintrack is great tool. how u find this tool ?

US market looking very bullish..

Very good, ive been buying dips and selling off after every few % gain.

It's really a trading market now. Companies that announce bad earnings, will recover back to the prior pricing based on a couple of companies i tracked.

I.e USFD. i like.

Shares of Moderna surged by more than 16% in premarket trading Thursday after it announced that the Food and Drug Administration cleared its coronavirus vaccine for phase 2 trial, what the company called a “crucial step.”

Moderna said it will begin phase 2 trials with 600 participants shortly and is finalizing plans for a phase 3 trial as early as this summer.

“We are accelerating manufacturing scale-up and our partnership with Lonza puts us in a position to make and distribute as many vaccine doses of mRNA-1273 as possible, should it prove to be safe and effective,” CEO Stephane Bancel said in a statement. The company hopes to start a phase 3 trial early this summer here, which would potentially approve the first batch as soon as 2021, he said.

Yup.

So far, it has scored another 3.169 millions job losses since last week and totaled approx 33 millions people out of job in US
the past 6 weeks... that's more than the housing market crash now but yet stock market continues to rise
due to liquidity (the banks and Fed) but it won't last that long because the underlying economy is rotting now.
A lot of the jobs may not be coming back anytime soon.

33 million people, if this is Malaysia.. we can see everyone become beggars on streets. 

Let's get ready for the big short.... 

@zack: did you jumped in ytd if u seen my message? If you did, sell today/now. I just sold mine at 4. Profit bout ~40+usd only.

@yok70: i agree with you market correction is coming very soon, hopefully next week :haha: but yes i reckon may-june, we might see a correction.